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Cash is an important means of transaction, generally assumed to be fungible. However, behavioral economics and consumer research show that "cash in hand", physically holding on to cash and then handing it away, affects purchasing decisions. I study how cash in hand influences decisions in a...
Persistent link: https://www.econbiz.de/10012039050
actions. The resulting decisions may be less, rather than more, risky. Making a decision after acquiring information provides …
Persistent link: https://www.econbiz.de/10003937594
paper we argue that practicality is not the only feature that can be addressed by means of stochastic choice theory. This … theory also offers a powerful framework for developing a more realistic model for labor supply choices, founded on …
Persistent link: https://www.econbiz.de/10009488981
This paper examines a life-cycle cost concept that applies to both manufacturing and service industries in which upfront capacity investments are essential. Borrowing from the energy literature, we refer to this cost measure as the levelized product cost (LC). Per unit of output, the levelized...
Persistent link: https://www.econbiz.de/10010234531
directly measure religious organizations ́power to shape human decision making. We employ an objective measure of voters …
Persistent link: https://www.econbiz.de/10010223454
In this paper, we study a two-country dynamic setup with environmental externalities and potential model misspecification in relation to this public good. Under model uncertainty, robust policies help to correct the inefficiencies associated with free riding on public good provision, implying...
Persistent link: https://www.econbiz.de/10009682338
Theory of mind and individual preferences are important determinants in social decision making. The current study … examined in a large sample whether being a cooperative preference type is related with better theory of mind skills …. Furthermore, by testing adolescents and adults, we examined the impact of age on this relation. Theory of mind is measured in a …
Persistent link: https://www.econbiz.de/10009689352
In a laboratory experiment, we measure subjects' willingness to pay for a transparently useless decision right … likelihood of receiving her preferred task if she rather than another participant makes the decision. Participants pay more to …
Persistent link: https://www.econbiz.de/10010347041
the public good and leisure is valuable. Existing experiments start with a given number of "tokens" for each decision … to (or simultaneously with) the decision of how to allocate that income between private and public goods. -- decision …
Persistent link: https://www.econbiz.de/10008697050
WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs ceilings, i.e. tariff rates that no exporter may ever actually be confronted with, generate market access? The answer to this question relates to the effects of tariff bindings on...
Persistent link: https://www.econbiz.de/10003910492